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CBOT soybeans finish weaker with corn futures

ReutersFeb 19, 2025 9:01 PM

- Chicago Board of Trade soybean futures finished weaker on Wednesday on profit-taking and spillover pressure from losses in the neighboring corn market, analysts said.

  • Improved rains in dry growing areas of Argentina and expectations for a massive harvest in top-supplier Brazil also weighed on the market.

  • Brazilian farmers will harvest a record 171.3 million metric tons of soybeans in the 2024/25 season, consultancy Agroconsult said. The forecast was down from its January estimate of 172.4 million.

  • CBOT March soybeans SH25 closed 6-3/4 cents lower at $10.31-3/4 per bushel.

  • CBOT March soymeal SMH25 ended up $0.90 at $294.70 per short ton, while March soyoil BOH25 fell 1 cent to 46.3 cents per pound.

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